Closed this trade as per my stop loss being any 4hr close below the B point which was at 1.5309 for a loss of -71 pips. Will stay out of market until I have re-analyzed what is happening and the price action.
Yes, honesty is the key if you are a leader. A great leader must be honest in all his ways and you are the one. Many fruitful days to come. Many thanks EverythingForex...
EverythingForex
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you're welcome!
fxnoob1985
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is this a possibility?
EverythingForex
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Not sure what pattern you are drawing here as your D point XA extension (1.4723) doesn't match any pattern. Are you drawing a butterlfy or are you drawing a deep crab? Here's what I am working on for this pair but yet to post on it because I'm not yet sure that price action supports it. It's a bullish deep crab but until I finish my analysis on it, I won't trade it.
fxnoob1985
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well i think i drew a butterfly. this also has a big PRZ.
DirtyBoss
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Thats why i like reading your posts, you are very honest
EverythingForex
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Thanks.
DimiAverilla
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Nice post mate I like the honesty. Currently on a loss for -70 pips myself. Not to worry mate. Onto the next trade you'll get it all back.
EverythingForex
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Thanks! I think... There's no reason to hide a loss. It's also a learning experience as to how to handle losses. I don't win ALL the time. Just more wins than losses and when I do win a trade, it's for MUCH more than my losses anyway. That's how to make money in this game! So yeah, admitting my losses is not a big deal as the reason I post here is to help others to learn about trading. If they only see my wins, then I would be misleading everyone. And that's not what I'm about. GL! And thanks for following me! More winning trades to come!